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Insolvency payments: Dissolved company was not "insolvent" under statute

This report relates to 1 case(s)

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    Secretary of State for Trade and Industry v (1) Walden (2) Kealfreight Ltd EAT/905/98 (0 other reports)

The statutory definition contained in s.183 of the Employment Rights Act 1996 is exhaustive of the events that can constitute "insolvency" for the purposes of an employee's claim for certain payments from the Secretary of State, holds the EAT inSecretary of State for Trade and Industry v (1) Walden (2) Kealfreight Ltd 19.8.99 EAT 905/98. The fact that a company had been dissolved and was unable to meet its debts did not in itself amount to insolvency for these purposes.